Diebold unveiled a new line of ATMs this morning offering a wide range of customization features. The new “Opteva” line is also the only ATM line in the industry that support both text-to-speech and .wav files. The new four core units include the “Opteva 760” (advanced function, through-the-wall walk-up ATM); “Opteva 720” (advanced function, lobby ATM); “Opteva 560” (through-the-wall, walk-up cash dispenser); and, the “Opteva 520 (lobby cash dispenser). One feature that is exclusive to Diebold’s “Opteva” family is the USB 2.0 architecture. The “Opteva” line also features advanced security and fraud prevention mechanisms offered only by Diebold, including a fraud resistant dispenser and card reader as well as a Triple DES-compliant encrypted PIN-pad.Details
Proton World’s “Proton Prisma” family of multi-application cards has added the Todos “eCode”
application. The “eCode” package provided by Todos will include a Matrix application profile and key
management set-up guidelines that allow a card issuer to easily add the “eCode” application onto his “Proton
Prisma EMV” cards simply by using the standards-based Proton Prisma personalization process. The “eCode”
application uses separate keys and parameters and is reached via a unique Application ID, which makes it
independent of any other application, be it the EMV payment application, the Proton e-purse or any other.
The Proton Prisma cards are the first EMV cards on which “eCode” has been implemented in this manner.
E-C Logix has developed encrypted software to bring the world a step closer to an all-electronic cash society with the introduction of E-Cash Digital Depository Receipts. E-Cash is electronic money that is available in various denominations and is accepted and used as legal tender worldwide.Details
PayStar Corporation announced the signing of a four year revenue sharing agreement with Electronic Exchange Systems-Santa Barbara for GLOBALCash’s prepaid ATM payroll card. Paystar is one of the nation’s leading providers of Prepaid ATM products and services, Commercial Telephony Switch services and content based Internet Kiosks.Details
Cabana Group announced that MasterCard International has retained the company to advise on MasterCard’s strategic entertainment initiatives and sponsorships including the recently announced multi-year cross-divisional alliance with Vivendi UNIVERSAL Entertainment. The alliance will leverage MasterCard’s “Priceless” campaign across multiple Universal properties.Details
BVIG Financial announced today that it has successfully launched an ATM-based, check-cashing solution in 59 Jackson Hewitt Tax Service and independent tax preparation locations across the country. The BVIG solution enables the taxpayer to cash his or her check at the tax preparation site for the ultimate in convenience.Details
On average, 52% students pay for things they buy at a college store with a credit or debit card. Cash is still king and is used most frequently by 40% of students. Those who use credit cards primarily use VISA (42%) and MasterCard (23%). The study by the NACS Foundation, the research and education arm of the National Association of College Stores, also found that the number of student buyers online has now risen to 72% and the vast majority of students (83.5%) claim to be either “extremely happy” or “somewhat satisfied” with their last online purchase, although the percentage has dropped since 2000 when 90% of students reported satisfactory experiences online. Students that have not yet embraced online shopping expressed a lack of need or desire (40%), security concerns (35%), or lack of a credit card needed to make a purchase (23%) as the primary obstacles to online purchases.Details
After shutting down credit lines on its bank credit card portfolio last week, Spiegel, the parent of First Consumers National Bank, was hit with a lawsuit from the Securities and Exchange Commission. The SEC alleges Speigel violated securities laws by withholding material information from the public. The complaint alleges that Spiegel withheld the fact that in or about the beginning of 2002, its independent auditor had notified Spiegel that it may not be able to continue as a “going concern.” The SEC says Spiegel’s independent auditor later provided a proposed auditor report in or about January or February 2002 which stated that the audit firm had “substantial doubts” about Spiegel’s ability to continue as a going concern absent the company addressing certain financial issues. The complaint alleges that Spiegel decided not to make its required 10-K and 10-Q filings to conceal the “going concern” issue from the public. Instead, the company filed a series of Forms NT (notices of late filing) indicating that Spiegel was not in a position to file because various lending agreements were not in place. According to the complaint, statements made by Spiegel executives confirm that Spiegel chose not to make its required filings to avoid disclosing the “going concern” notice and to avoid the negative “disruptions” that the disclosure of this information would cause.Details
Banksys, Mobistar, and Gemplus have launched the first national mobile payment application in Belgium. When using the new “mobile banxafe,” the customer will receive a description of the transaction, displayed directly on his/her mobile phone screen. To authorize this, the customer will enter his “mobile banxafe” PIN code, or digital signature, which is then verified by the applet. If the PIN is correct, the signature is sent to the authentication server via the SMS channel, which authorizes the transaction to be processed. Payment commissions are fixed and shared in collaboration with the banking sector, which is responsible for the authorization, risk management, clearing and settlement. Mobistar had a total of 2,305,390 active customers at year-end 2002.Details
National Bank of Arizona has teamed with eFunds to launch its new core ACH processing system. The immediate benefits of the new system, according to Jorgenson, include automatic re-presentment of NSF returns and an ACH transaction warehousing feature that will allow corporate clients to schedule their file transmissions weeks in advance of settlement dates.Â Other benefits include the automation of the bank’s ACH file distribution through multiple windows to the Federal Reserve Bank and the integration of the bank’s ACH Support and Cash Management operations to allow for instant online access to customers’ file information.Details
Vancouver-based DataWave Systems says its CFO/Director Marc Belsky has
resigned. John Gunn, General Manager, North American Operations, has been
appointed CFO to replace Belsky. The Company also announced the appointment
of Syd Franchuk as Director of DataWave Systems. Franchuk is President of
National Money Mart Co., based in Victoria, British Columbia, the largest
provider of convenience-based retail financial services in Canada. DataWave
is a developer of prepaid and stored-value programs.